You are here » Home » Companies » Company Overview » Associated Stone Industries (Kotah) Ltd

Associated Stone Industries (Kotah) Ltd.

BSE: 502015 Sector: Metals & Mining
NSE: ASOCSTONE ISIN Code: INE443A01030
BSE LIVE 15:40 | 22 Aug 40.25 -0.85
(-2.07%)
OPEN

41.40

HIGH

41.95

LOW

40.00

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 41.40
PREVIOUS CLOSE 41.10
VOLUME 27654
52-Week high 49.25
52-Week low 16.16
P/E 22.12
Mkt Cap.(Rs cr) 334
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 41.40
CLOSE 41.10
VOLUME 27654
52-Week high 49.25
52-Week low 16.16
P/E 22.12
Mkt Cap.(Rs cr) 334
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Associated Stone Industries (Kotah) Ltd. (ASOCSTONE) - Company History

Promoted by the Jatias of Rajasthan, Associated Stone Industries (ASIL) is involved in mining and polishing Kotah stone, which is found only in Kotah district, Rajasthan. ASIL, one of the oldest units in this segment, commenced operations in 1945. The company has an enviable record of dividends, sustained consistently since 1945-46, its first year of operations. The bonus record, too, has been excellent. Located at Ramganjmandi near Kotah city in Rajasthan, ASIL can lay claim to 10 sq km of leased mines, consisting of seven plots. Of these seven mines, only one is fully mechanised. The company implemented a Rs 15-cr mechanisation project, financed by term loans and internal accruals. ASIL commissioned its on-line processing and polishing unit at Silvassa without any slippage or cost overrun. It diversified into marble products and is carrying out a geological survey at Kakroli near Udaipur and had set up a plant there. In Apr.'95, Prerna Syntex (PSL), a 100% EOU, was amalgamated with the company, to enable it to diversify into textiles. During 1997-98, Prerna Syntex Plant, 100% EoU located at Neemrana has succesfully installed the capacity of 24960 Spindles to produce 4673 tonnes of Cotton combed hoisery yarn per annum, it has commenced its production from 15th Jan.'97. During the financial year 1999-2000, the company received the approval of Government of India for NRI investment by way of equity shares. The company is planning to import Quantum Clearer machines during the current year 2001-2002. To reduce the cost of production the company is planning to import furnace oil based captive power plant. By importing these machines Production of Contamination free yarn will become possible.